This is not intended to be trading advice, but I thought that I would publish my personal thoughts and current charting. Trading this upward channel on LTC (15 min TF) using regression line with +/- 2 std. dev.. If you have any thoughts I'd love to hear them, please leave negativity out. Good luck and happy trading everyone!
NZDJPY, H4 & Daily
The New Zealand dollar is gaining ground this week against the Yen and the US Dollar. The overriding theme has been Yen weakness, which has been subject to a safe-haven premium unwind following the US invitation to senior Chinese officials for fresh trade negotiations, and also the higher Oil prices.
The NZDJPY crossed yesterday into the...
A couple observations on the recent price action. The uptrend that we are in is holding form. Last week we penetrated through the purple downtrend channel from 2 previous highs (standard scale, not log scale...interesting side discussion). But after that breakout, BTC has hit a hard wall at 7123, which is the same resistance level that BTC hit on Aug 5 and 7...
"The chart speaks louder than words"
Time frame: Daily
Sentiment: Bullish (long)
Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time.
Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this...
2,800 is now the level to crack. If we can break above it, we move into the upper half of our regression channel. And we can have a run at the highs.
An upbeat tone from earnings season will help as will a strong GDP print later in the week.
Looking back to 2016, the SPX has maintained a consistent trend. Thanks to the bounce on Friday we are now targeting a move back towards the highs.
2,800 is the first key target then the top of the channel is 2,900.
A strong showing on Friday has helped save us from a short-term sell-off.
ok dear crypto community.. was a rough week!
After this almost crash dump we see a bit light here. We closed at almost 8500 and now we are looking at the next target of 8800k BTC. This of course is only a short term trend analysis. We could also have a set back to 8100 levels before taking a new upwards trend to 8800 and 9k.
This crash was initiated cause of...
As many predicted.. if we dont break the 10k line we will have a possible retrace down to 9.4 - 9.6k.
Im glad the support there did hold for now. If the regresseion trend patterns will repeat, we will observe a 10 to 15° uptrend for the next 3 to 5 days.
That means we will break the 10k (psychological barrier) in the coming days. I expect a small retrace down to...
I think YNDX presents an attractive entry at its current price. The stock has been trending upward since late 2016 (see regression channel). Yesterday, amid broader weakness in Russian names following the US-Russian dispute over alleged gas attacks by the Syrian army, YNDX dropped from the middle of its regression channel all the way out. Today that weakness...
Nike has been a sensational investment because it is phenomenal brand with high-quality products led by a skilled management team. However, it is not a moat-wide company, being under pressure and up against competition like ADIDAS. However, despite declining growth rates and margin prospects the stock has jumped from 52USD to 66USD.
Based on the concept of...
A important bullish turning point for the US stock market occured on Friday, February 23, 2018.
Instead of increasing the growing downtrend of the previous days the "S&P 500" ended the week with a bullish push higher, thereby adding to the chance that the market continues the strong move up of the week before towards the all-time high.
Due to the reason that the...
Go short on XAUUSD IF gold stays within 2 standard deviations of the regression channel and AFTER gold drops below 4 hour parabolic SAR as pictured in this 4 hour, 2 standard deviation regression channel.